TNET stock icon

TriNet
TNET

$109.68
0.01%

Market Cap: 5.55B

 

About: TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

Employees: 3,600

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 6 analysts
0
News positive %
of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

40% more call options, than puts

Call options by funds: $5.11M | Put options by funds: $3.64M

9% more capital invested

Capital invested by funds: $5.75B [Q4 2023] → $6.26B (+$509M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

7% less repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 105

1.55% less ownership

Funds ownership: 68.42% [Q4 2023] → 66.87% (-1.55%) [Q1 2024]

2% less funds holding

Funds holding: 280 [Q4 2023] → 275 (-5) [Q1 2024]

12% less first-time investments, than exits

New positions opened: 38 | Existing positions closed: 43

Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$118
8%
upside
Avg. target
$137
24%
upside
High target
$150
37%
upside

6 analyst ratings

positive
100%
neutral
0%
negative
0%
TD Cowen
Jared Levine
8%upside
$118
Buy
Maintained
24 Jun 2024
Needham
Kyle Peterson
28%upside
$140
Buy
Maintained
26 Apr 2024
TD Cowen
Jared Levine
28%upside
$140
Outperform
Maintained
4 Mar 2024
Needham
Kyle Peterson
37%upside
$150
Buy
Reiterated
1 Mar 2024
Stifel
David Grossman
10%upside
$121
Buy
Maintained
16 Feb 2024

Financial journalist opinion

Based on 6 articles about TNET published over the past 30 days